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Viewing profile - Daedalus

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Joined: Tue Jan 11, 2011 3:43 am
Last visited: Thu Oct 27, 2011 7:29 pm
Total posts: 31
[0.03% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 18 Posts / 58.06% of user’s posts ]
Most active topic: How to prioritize financial goals
[ 5 Posts / 16.13% of user’s posts ]



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Daedalus Posts

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 Forum: Fiscal Fitness Journals   Topic: The year of increasing the emergency fund

Posted: Fri Aug 12, 2011 8:45 pm 

Replies: 471
Views: 97834

In my opinion new struts are sold too often by shops, and alignments aren't performed quite often enough by car owners. Struts are a nice upsell with a solid price tag. They damp the motion of the car at each corner. They are important, and they do lose performance over time, but unless the ride is ...

 Forum: Fiscal Fitness Journals   Topic: The year of increasing the emergency fund

Posted: Wed Aug 10, 2011 9:44 pm 

Replies: 471
Views: 97834

What's wrong with the car and what kind of car is it?

 Forum: Personal Finance   Topic: 401(k) Question

 Post subject: Re: 401(k) Question
Posted: Tue Aug 02, 2011 11:44 am 

Replies: 5
Views: 882

Is your wife fully vested in her 401k match? If so, then she can probably sell it at any time. Typically there are minimum holding periods to dissuade active trading in 401ks. I think with my company it's only 30 days. If I buy and then sell anything in less than 30 days I pay around a 2% fee. If it...

 Forum: Personal Finance   Topic: Co-signing a loan?

 Post subject: Re: Co-signing a loan?
Posted: Sat Jul 16, 2011 9:40 pm 

Replies: 21
Views: 2637

After 2 years of perfect payments, A good outcome is always possible, but not many of the possible scenarios with bad outcomes involve years of perfect payments. Lending money by friends, family and other fools puts the relationships at risk unless the lender is completely prepared to make the enti...

 Forum: Fiscal Fitness Journals   Topic: a 19yo's journey to beat student debt and save!

Posted: Wed Jun 15, 2011 12:03 am 

Replies: 10
Views: 2298

You sound like you're off on a great path. Make sure you don't get burned out. Does the interest on your student loans not get deferred until you graduate? If not, I would agree with Doing Homework and look to pay some of it off. Nowhere else can you make that kind of return on your money without an...

 Forum: Personal Finance   Topic: Pay off mortgage or invest?

Posted: Fri Jun 10, 2011 12:57 am 

Replies: 30
Views: 3926

To make this decision objectively one needs to compare rates - the mortgage rate vs. an alternative rate that would be earned on investments. In my opinion the proper alternative is the 10 year US Treasury note. It sounds like your experience of paying off in 10 years roughly supports that. It's im...

 Forum: Personal Finance   Topic: Pay off mortgage or invest?

Posted: Sun Jun 05, 2011 2:50 pm 

Replies: 30
Views: 3926

Thanks for the replies. My interest rate is 3.125%. Is that fixed? I don't think I've seen even a 15 year fixed quite that low, and certainly not a 30-year. Interesting back-and-forth regarding interest rates and paying off mortgages. When my wife and I got a mortgage nearly 10 years ago, we were i...

 Forum: Personal Finance   Topic: Bonds

 Post subject: Re: Bonds
Posted: Thu Jun 02, 2011 2:51 am 

Replies: 19
Views: 2095

It's a very broad request. Do you want to know about what bonds are, how to value them, how bond markets work, etc? Are you looking at government, municipal, corporate, junk, etc? You can find anything on the internet nowadays, and I've found a couple of good finance/econ sites. However, I've also f...

 Forum: General Discussion   Topic: Why buy a home?

 Post subject: Re: Why buy a home?
Posted: Tue May 17, 2011 1:13 am 

Replies: 23
Views: 10706

Don't have to beat it. Many of us in high-tax states are itemizing anyway, based on taxes alone. The $11k is all benefit in that case. But I agree buying a home is often less of a good financial move than a lot of people think it is. Still, in many parts of the country the costs are comparable. In V...

 Forum: Personal Finance   Topic: Peter Schiff

 Post subject: Re: Re:
Posted: Sun Apr 10, 2011 11:37 am 

Replies: 18
Views: 20860

MoneyIssues wrote:
While this post is over 2 years old, the current recession STARTED in 2008

Interesting choice of words. Which definition of a recession says we've been in one since 2008?

 Forum: Personal Finance   Topic: How to prioritize financial goals

Posted: Fri Apr 08, 2011 8:34 pm 

Replies: 20
Views: 3062

If your question is directed at me, yes, I have read the instructions. Vehicles are a special case. $500 unless sold for higher then yes you get a larger deduction. If the charity keeps the vehicle to drive around then you get $500 regardless of FMV. That is incorrect. A donor can write off the fai...

 Forum: Personal Finance   Topic: How to prioritize financial goals

Posted: Thu Apr 07, 2011 2:16 am 

Replies: 20
Views: 3062

Have you even read the instructions for form 1098c? The IRS doesn't seem to agree with what you're saying. A donor is entitled to write off the fair market value of their donation, period. An auction value is considered fair market value. If it's over $500 the charity has to report it to the IRS and...

 Forum: Personal Finance   Topic: How to prioritize financial goals

Posted: Tue Apr 05, 2011 7:00 pm 

Replies: 20
Views: 3062

A quick Google turned this up. I make no claims on its validity, but you can research the mentioned IRS forms/pubs.


 Forum: Personal Finance   Topic: How to prioritize financial goals

Posted: Tue Apr 05, 2011 6:56 pm 

Replies: 20
Views: 3062

Most charities accept the vehicles and then make money by selling them at auction. Anything more than $500 and you need a receipt from the charity showing how much they sold the car for. I don't recall the rules for vehicles that are kept and not auctioned, but it may involve a 3rd party valuation....
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